Power Mech surges 8%, hits record high on winning orders worth Rs 720 crore
Shares of Power Mech Projects (PMPL) rallied 8 per cent to hit a record high of Rs 2,673.70 on the BSE in Monday’s intra-day trade after the company announced winning orders worth Rs 720 crore. The stock of the civil construction company has surpassed its previous high of Rs 2,548.70, touched on April 10, 2023.
The company said it has received an order amounting of Rs 362 crore for the construction of government medical college & hospital for UttaraKhand Pey Jal Nigam Limited.
The company also bagged an order worth Rs 162 crore for distribution works under ROSS (Revamped Distribution Sector Scheme) for MPPKWCL, Khargone Circle, Indore, Madhya Pradesh and railway electrification of 25 KV OHE Works, Mysuru Division, Karnataka.
